How does workplace giving work in terms of my tax deduction?
RSPCA NSW is a registered Deductible Gift Recipient Charity (DGR) so all payroll donations to the WAGS program are automatically tax deducted. This means that when you donate $10 per pay you actually only pay $6.85 and RSPCA (NSW) will get the $10. Annual income Donation amount Real cost to employee RSPCA NSW receives $21K – $63K $10.00 $6.85 $10.00 This eliminates the need to collect receipts or wait until the end of the year to claim a tax refund. For more information about Australian Taxation requirements visit www.ato.gov.au or ask your employer or registered taxation agent. How does an employer benefit from WAGS? • Payroll Giving is a simple administrative system • Builds your business reputation and profile • Strengthens community relationships • Increases the communitys recognition of your business spirit and value • Supporting your employees contributes to staff morale, loyalty and promotes you as an employer of choice • To give community giving and create a partnership with an
